Wuhan Iron & Steel H1 Net Profit Drops 89%


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Wuhan Iron & Steel Co reported an 89% drop in its first-half net profit. Wuhan Iron & Steel's net profit for the period fell to 134.98 million yuan ($21.2 million), from CNY1.23 billion, in the year-ago period. Its revenue declined 11% to CNY45.3 billion from CNY50.8 billion.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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Posted In: EarningsNewsprofit